Truworths Explained

Truworths
Type:Public company
Location City:Cape Town
Location Country:South Africa
Locations:777
Key People:Michael Mark (CEO)
Hilton Saven (Chairman)[1]
Area Served:Africa
Industry:Clothing
Revenue: R18.2 billion (2016)
Operating Income: R4.1 billion (2016)
Net Income: R2.8 billion (2016)
Assets: R17 billion (2016)
Equity: R8.6 billion (2016)
Num Employees:11,698
Subsid:Office Holdings

Truworths is a Cape Town-based, South African clothing retailer, with 728 stores in South Africa, and 49 elsewhere in Africa.[2]

Founded as The Alliance Trading Company in 1917, Truworths sells clothing under a number of different brands, including Truworths Man, UZZI, and LTD,[3] employs over 11,000 people, and generates over R18 billion in annual revenue.[1]

In December 2015, Truworths acquired the UK shoe chain Office Holdings for £256 million.[4]

Notes and References

  1. Web site: Truworths Annual Financial Statements 2016 . Truworths . 2016-08-18 . 2017-02-05.
  2. Web site: About Us . Truworths . 2017-02-05.
  3. Web site: Our History . Truworths . 2017-02-05.
  4. News: Whistles bought by South Africa's Foschini Group | Business | The Guardian. The Guardian . 24 March 2016 . theguardian.com. 2016-03-24 . Farrell . Sean . Butler . Sarah .